Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
39 comments:
For intraday,
Weakness returns below key retrace of the current rise from "7453 - XXXX"
XXXX = 7472 as of now
80%=7456.8
@Sujatha,
Check your mail whn u free. Hope u r busy.
Added-- with my own responsibility at right place now risk@c2c.
Its happy to lead with lagging data while not lag with lead data. lolz ;) :P :P :P
This must be heartbreaking for bulls. 21lac OI addition intraday in 7500CE
http://www.niftytrader.in/nifty-live-change-in-oi/
@Prabhanshu Sir and Shriram Sir,
Another bear flag in 2 min chart? or is it a -WW?
@ Sonu - lol... but price not breaking down either :-P
Day Low : 7534.80 Day High : 7445.25 Range : 89 Points Day Pivot : 7523 Hr. Pivot : 7460
NS below HKPC ( Hepta Kilo Penta Cent).
Currently well below Day Pivot @ 7523.
NS hovering around 7470.
NS in BOD mode in Hr. T/F & SAH mode in Day T/F.
SAH mode gets negated above 7487.
Hourly Targets 7480, 7496.
Weakness returns below Hr. Pivot @ 7460.
Strength continues above Hr. Lema @ 7466 Hr Ema @ 7480.
BOD = Buy On Dips
SAH = Sell And Hold.
Another bear flag in making in 5 min nifty spot. Break below 7445, t1 7425 t2 7393 sl at 7456 after break down
Earlier bear flag's 1st tgt was done at 7445.
Prices are stagnating near "50%-61.8% of last fall from 7502 to 7445 at 7474-80".
@Bharat Kumar
Nifty makes big moves post 2:30-3:00 pm nowadays. Let's see...
Not sure of the big move today since expiry is near, it is already OS and some bounce is likely.
Sonu , both. Very small -ww bd below 7470.60 (done), y1 7463.5 t2 7452
--> back
Decepticon rise, time for a test of St. WkEMA , maybe
For intraday, Now,
Weakness returns below key retrace of the current rise from "7459 - XXXX"
XXXX = 7481
80%=7458
PS : calculated rise from 7453 as per earlier observation by Master.
2 times 80% saved 7458
7458 gone with clark gable??
3.00PM TT & Chart updated.
Extreme reluctance to fall! :-P
Last fall from 7480 being retraced swiftly...
Market trying to close above DLEMA?
Dear Sir,
For 7445-7480-7441 to be part of irregular, what is the maximum that 'c' from 7441 can do?
Day Low : 7441.60 Day High : 7534.80 Range : 93 Points Day Pivot : 7523 Hr. Pivot : 7458
NS below HKPC ( Hepta Kilo Penta Cent).
Currently well below Day Pivot @ 7523.
NS hovering around 7480.
NS in BOD mode in Hr. T/F & SAH mode in Day T/F.
SAH mode gets negated above 7486.
Hourly Target 7491.
Weakness returns below Hr. Pivot @ 7458.
Strength continues above Hr Ema @ 7471.
BOD = Buy On Dips
SAH = Sell And Hold.
If closing below L4 good for bears
if closing above L3 good for bulls
In between close can give gap opening either side.
Based on observations market no need react exactly.
Because every time market not missed to show SHE is supreme.
Bye All....
LL made & reversal on ??
NS above HKPC ( Hepta Kilo Penta Cent).
Currently below Day Pivot @ 7523.
NS hovering around 7500.
NS in BAH mode in Hr. T/F & BOD in Day T/F.
Shri, wat about +ww at 7479?? Its yet to trigger again
I guess market has already replied my query however for my understanding and knowledge would like to understand from EW experts what is the maximum that 'c' can do in an irregular correction
@ Prabha: EOD close > 7480 NS, will trigger the +WW (last 30mins is taken as Hr close)
Note pls, that 1-3-5 1-time whip is often seen in Index WWs, before real rise to 1-4 tgts of 7600-7680.. lets c now
OI DATA tho is Bearish @ 75Strike... may be a deception so close to expiry, eyes on it tomo
Good day everybody !
Resisted at 50-61.8% for the fall from 7559-7441(7500-7514)
average close running at 7485 levels and increasing,
@ Aly: per prechter's fibo guidelines, C can do =1.618 -2.618 x A, for an Xpanded Flat
Now All Are in Bulls?
average close now at 7490 levels
Will struggle to close above DLEma
7493.35 .... closed above DLEma.
Cat continues to sit on the wall !!!
Shri, if you see 60 mins chart, hns was formed and triggered below 7507. The line joining head and right shoulder comes around 7503. Breaching this fast rise?
This was discussed either by S4S or Sam or PT when nifty was around 6638. If you remember at that time +ww and hns was formed abs ww whiped 1 time.
@ Prabha: yes & no to that.. pt1 was not clear in that +WW
Matters aside, mature way to see from trade angle -->
this +WW is triggered, but OTM CE OI is not aligned with it.. since the pattern has triggered @ EOD,
better to wait till tomo 1st1-2 hrs to let price & OI behaviour confirm the pattern & then take the trade
Shri. . Yo man. :-)
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